KIM

China Bans April Fool's Day: It Is "Inconsistent With Core Socialist Values"

In a story that itself seemed like it may be an April fool's joke, the WSJ writes that China’s official Xinhua News Agency has issued a warning on its viewpoint commentary microblog that antics over April Fool’s Day - a tradition it was first exposed to only in the late 1970s when it gradually opened up to foreign cultural influence - are "inconsistent with core socialist values" and at odds with Chinese cultural tradition.

Verge Of Revolution: The Story You Aren't Being Told About The Brazilian Uprising

While Brazilians are angry and tired of their economic hardships, they are also incensed at the country’s history of corruption, which now includes a massive presidential scandal carried out by politicians and lobbyists during the current and previous administrations. This misconduct has given residents of all walks of life enough incentive to take their demands to the streets. Mainstream media has covered the major protests overtaking the streets of Brazil at the outset of an apparent political revolution, but few discuss the problems that have been brewing for decades in South America’s largest nation.

Mystery Man Behind $100 Million Central Bank Heist Revealed As Bangladesh Moves To Sue Fed

The incredible story behind the cyber heist that resulted in an $81 million loss for the central bank of Bangladesh continues to get more intriguing. Bangladesh is looking to sue the NY Fed for lapses in protocol, while Philippine officials race to untangle a complex web of bad actors and shady go-betweens that looks like it may lead back to one Kim Wong, who 15 years ago was accused of connecting then-Senator Panfilo Lacson to drug lords. Meanwhile, a cyber security expert who spoke to the police and the media was kidnapped from a motorized rickshaw by men in plainclothes who blindfolded him, threw him in a vehicle, and drove away.

Frontrunning: March 15

  • Bank of Japan Holds Fire on Stimulus, Negative Rate Unchanged (BBG)
  • Donald Trump Aims for a Knockout in Tuesday Primaries (WSJ)
  • Global Stocks Fall on Commodities Decline, Ahead of Fed Meeting (WSJ)
  • Oil prices fall as clouds gather over supply picture (Reuters)
  • Many Shale Companies Are Unable to Ramp Up Oil Output (WSJ)

Frontrunning: March 9

  • Angry White Males Propel Donald Trump—and Bernie Sanders (WSJ)
  • Trump Beats Back Attacks and Tightens Hold on Primary Race (BBG)
  • Fed Likely to Stand Pat on Rates, Keep Options Open for April or June (Hilsenrath)
  • Draghi Stimulus Fails in Stock Market as Swings Match 2008 (BBG)
  • Sabine Oil wins pipeline ruling in a blow to pipeline operators (Reuters)

Kim Jong Un Orders Nuclear Weapons Made Ready For Use

Yonhap news agency reports North Korean leader Kim Jong Un has ordered the country's nuclear weapons be made ready for use. This action follows the firing of a volley of short-range projectiles into the sea to the south after the UN Security Council unanimously passed sanctions targeting North Korea’s banks, mineral exports and cargo vessels.

Hillary Clinton’s Six Foreign-Policy Catastrophes

Many commentators have mentioned that Hillary Clinton left behind no major achievement as the U.S. Secretary of State; but, actually, she did. Unfortunately, all of her major achievements were bad, and some were catastrophic. Six countries were especially involved: Honduras, Haiti, Afghanistan, Libya, Syria, and Ukraine. The harm she did to each country was not in the interest of the American people, and it was disastrous for the residents there. Hillary Clinton at every campaign debate says “I have a better track-record,” and that she’s “a progressive who gets things done.” Here’s what she has actually done when she was Secretary of State...

Neil Howe Warns The 'Professional Class' Is Still In Denial Of The Fourth Turning

"The world has fundamentally shifted over the last decade, especially since we’ve emerged from the Great Recession... But the professional class has been very slow to understand what is going on, not just quantitatively but qualitatively in a new generational configuration that I call the Fourth Turning. They don’t accept the new normal. They keep insisting, just two or three years out there on the horizon, that the old normal will return – in GDP growth, in housing starts, in global trade. But it doesn’t return."

Frontrunning: February 11

  • Gold Roars to One-Year High as Turmoil Drives Safe Haven Demand (BBG)
  • Banking Stocks Pummeled in Europe (WSJ)
  • Dollar, stocks plunge sparks scramble for safety (Reuters)
  • Nymex Crude Slips Below $27 a Barrel (WSJ)
  • No Respite for S&P 500 as U.S. Stock Futures Join Global Selloff (BBG)